Aug 28 2015
GPM Metals Inc. (the "Company" or "GPM") and Goldeye Explorations Limited (the "Company" or "GGY") wish to announce the commencement of an airborne high resolution VTEM survey with 200 meter line spacing over 1264 line kilometers at the Weebigee property and the adjoining recently staked ground consisting of approximately 6,500 hectares in total.
GPM Metals is the operator of the project.
The helicopter airborne EM and Horizontal Magnetic Gradiometer survey will assist the Company in identifying geological structures and conductors that may indicate prospective diamond drill targets.
This survey will be undertaken by Geotech Ltd., Aurora, Ontario.
The Company also reports that a 4 man geological prospecting crew has been groundtruthing, sampling and mapping in the Sandborn Bay area since mid June of this year.
The prospecting field crew is scheduled to re-locate their exploration camp to the eastern section of Sandy Lake within the next 7 days, to continue their early stage reconnaissance field work and sampling.
GPM and Goldeye wish to thank the First Nation communities of Sandy Lake and Keewaywin for their co-operation and logistical support of this ongoing mineral exploration program.
About Weebigee
Weebigee is a high-grade gold project located near Sandy Lake, approximately 225 kilometers north of Red Lake and 200 kilometers west of Goldcorp's Musselwhite mine, in Northwestern Ontario. The Project comprises a 100% interest in 225 contiguous claims (363 claim units) covering approximately 6,000 hectares in the highly prospective and underexplored Sandy Lake greenstone belt. Certain of the claims are subject to a 1% net smelter returns (NSR) royalty. The Project has a very promising potential based on its greenstone geology and known mineralization showings. Weebigee lies within the traditional territory of Sandy Lake First Nation ("SLFN") with whom Goldeye signed a comprehensive Exploration Agreement in 2013.
About GPM Metals Inc.
GPM Metals Inc. focuses on acquiring and exploring district scale exploration properties. Currently the two main projects are the Company's Walker Gossan Project, NT; and the Weebigee Gold Project in Sandy Lake, Ontario.
The company treasury is well funded going forward; and has a strong shareholder base. Management and insiders hold approximately 30% of outstanding shares.
About Goldeye Explorations Limited
Goldeye Explorations is a Canadian gold-focused junior exploration company engaged in the acquisition, exploration and evaluation of properties in mineral rich, politically secure jurisdictions. Goldeye's flagship property is Weebigee, located near Sandy Lake in Northwestern Ontario. The company has additional properties in Ontario (Gold Rock, and West Shining Tree), and British Columbia (Todd Creek).
All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Vice President Exploration and a Director of GPM), a "qualified person" within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Mines and Metallurgy.
Source: http://www.goldeye.ca/